Defiance InvestmentsUBS Enters Active Equity ETF Market With Global Income Strategy
UBS Asset Management has launched its first active equity ETF in Europe with the UBS Global Equity Income Plus UCITS ETF (FGZJ).
Defiance has launched the Defiance Memory & Photonics ETF (PRAM), billed as the first U.S.-listed ETF combining exposure to the memory and photonics industries. PRAM tracks the Solactive Memory and Photonics Index, targeting companies involved in technologies that store, retrieve and move data for AI workloads. The rules-based index selects the 20 largest eligible global companies by free-float market capitalization, equally weights them at selection and rebalances quarterly. Constituents include Micron, SK Hynix, Marvell, SanDisk and Lumentum.
At a glance
- Beat
- Launches
- Issuer
- Defiance Investments
- Region
- United States
- Filed
- 27 August 2026
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